Daily Clips: June 30th, 2015
OBAMA RAISES THE OVERTIME THRESHOLD:
Yes, indeed, it is happening. Politico reports:
President Barack Obama will this week release a long-awaited overtime rule aimed at raising wages for 5 million people as soon as 2016, according to sources familiar with the plans.
The proposed rule will more than double the salary level under which virtually all workers qualify for overtime pay whenever they work more than 40 hours in any given week. That threshold, now $23,660, will rise to $50,440.
In the words of Uncle Joe Biden, “this is a big f***ing deal.” President Obama has re-established a key labor standard in the 21st century, one which had only been updated once (yes, once) since 1975. As Paul Constant wrote yesterday, “this is huge news for the middle class.”
Marriage Equality & the Modern Social Revolution: As I noted after the SCOTUS decision, we are witnessing a time of rapid change. Jonathan Chait sees this same pattern, arguing:
A great deal has happened in a very short time. America elected its first black president, and is likely to follow that by electing its first female one. Obama appointed two women to the Supreme Court, including the first Latina justice, ended the ban on openly gay military service, and carefully nudged along the groundswell of support for marriage equality.
These changes in our society are not unprecedented – the real uniqueness of this moment is the truncated periods of deliberation over these issues. Just think about the Confederate Flag! Last week, Jeb! Bush wasn’t even willing to admit that it was a racist symbol, but now suddenly he’s had a change of heart! The times they are a (quickly) changin’. It’s going to be hard for Republicans (or reluctant Democrats) to keep up with the blistering pace of modern society.
Obama’s approval rating grows after a memorable week: What a week it has been for President Obama – and it just got a little better! A new CNN/ORC poll shows that for the first time in over two years, half of Americans approve of the way Obama is handling the presidency.
Washington State is a great place to work: Business Insider determines which states are the best and worst to make a living in. They base their data on five factors: average wages, state tax rates, cost of living, unemployment rates, and incidents of workplace injuries. Check out their graph below: